Freehold Ground Rents Producing to £10,643.34 pa - Block of 35 Flats

Description/Location Ground rent investment of 35 no. studio flats within a period building overlooking the famous Sefton Park. Lease terms are 250 years from 2015 - 2017, each lease include a provision for 5 yearly reviews in accordance with the RPI. The block occupies a site of approximately 0.36 acres. We refer bidders to the legal pack for a schedule of ground rents and lease terms. There is a management company in place who will continue the management Tenure: Freehold Title number: MS303880 Local Authority: Liverpool Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/

Tenure

Freehold

IMPORTANT INFORMATION

Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid. If you are the successful bidder, you are required to pay the deposit and auction fees immediately. As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract. You must not bid unless you wish to be bound by the common conditions of auction.

ANTI-MONEY LAUNDERING REGULATIONS

In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser. Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor. Auction House will not be held responsible for any failure to disclose any such defects. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars. Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.

Local Authority

Liverpool City Council

Solicitors

VC Law, Ref: VC Law, Tel: 0151 318 7502

Additional Fees

Administration Charge - 2.5% inc VAT of the purchase price, subject to a minimum of £1980 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.